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The Early Outlook for Our State's Economy

Joey Von Nessen
Mike Switzer/SC Public Radio

The US economy continues to experience healthy gains as we move into the 2nd quarter of 2018. Employment and wage growth have been stronger and in South Carolina, GDP growth is currently outpacing the national average. Yet our next guest warns that new tariffs, a volatile stock market, a shortage of skilled workers, and the prospects of higher inflation have the potential to rock the boat. What should we expect for our state and the nation as we head towards the summer months?

Mike Switzer interviews Joey Von Nessen, with the Division of Research at the Moore School of Business at the University of South Carolina in Columbia, SC.

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After almost 20 years, Mike Switzer retired from Wells Fargo Securities in 2001 as Senior Vice President/Investment Officer and Certified Portfolio Manager. In 1999, he and his wife, Maggie, purchased and operated for eight years the Baskin Robbins ice cream store on Forest Drive in Columbia. They grew the store from a bottom-tier operation in the Baskin Robbins franchise system to one in the top 5% nationwide within three years, tripling sales along the way. While operating the ice cream store, Mike and Maggie received patents for a portable ice cream sink and fold-down sneezeguard they invented and in 2002 started Magnolia Carts, an ice cream cart manufacturing company, which they sold in 2013.